Oakwell Holdings Limited v BFC Investment Company Limited

Discussion in 'Bulletin Board' started by Spirit of 81, Aug 18, 2020.

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  1. Dan

    DannyWilsonLovechild Well-Known Member

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    #21 DannyWilsonLovechild, Aug 18, 2020
    I'm working of a huge sample size of 2! But there is now a consistency of falling out with the 20% that they've purposefully allowed to stay in situ. And on our case, we're operated by an employed CEO, not by the Cryne family.
     
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  2. Mid

    Mido Well-Known Member

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    #22 Mido, Aug 18, 2020
    I think they’ve badly misjudged BFC if they think they can make a big profit on us, unless we somehow get promoted to the Prem.
     
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  3. BrunNer

    BrunNer Well-Known Member

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    #23 BrunNer, Aug 18, 2020
    This is somehow part of Dave Whelan's long game. We need to resuscitate AFC Barnsley just in case.
     
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  4. Cow

    Cowboy Well-Known Member

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    #24 Cowboy, Aug 18, 2020
    Time for a club statement methinks!
    Come on Dane, spill the beans!
     
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  5. Bre

    BreweryStander Well-Known Member

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    #25 BreweryStander, Aug 18, 2020
  6. Tyke_67

    Tyke_67 Well-Known Member

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    #26 Tyke_67, Aug 18, 2020
    Wigan's bulletin board gonna go into meltdown when they find out about this
     
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  7. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #27 BarnsleyReds, Aug 18, 2020
    Think everyone needs to take a step back and not spread misinformation here. OP should be deleted because it makes very false assumptions that could be very damaging.
     
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  8. Ged

    Geddiswasguud Well-Known Member

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    #28 Geddiswasguud, Aug 18, 2020
    Proper investigation required by some good journos...this is in public interest.
     
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  9. Dan

    DannyWilsonLovechild Well-Known Member

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    #29 DannyWilsonLovechild, Aug 18, 2020
    People are right, Holdings is the shell that had the stadium ownership within, so unless the contract was through this relating to sales proceeds for the club, it would seem to be stadia related.

    Breach of covenant?
    Failure to pay "rent" at the full agreed rate?
    Failure to act on an agreed clause re sale of the Cryne held stadia stake?

    Whatever, its not good at all.
     
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  10. Shy Talk

    Shy Talk Well-Known Member

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    #30 Shy Talk, Aug 18, 2020
    How so? As far as I can see it is simply quoting factual information that is in the public domain?
     
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  11. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #31 BarnsleyReds, Aug 18, 2020
    Correct. Not good. But nothing to do with the running of the club. It’s a separate issue.
     
  12. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #32 BarnsleyReds, Aug 18, 2020
    By claiming Oakwell Holdings is the entity that ‘runs the club’ when that is completely false. It’s 100% related to the stadium.
     
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  13. Shy Talk

    Shy Talk Well-Known Member

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    #33 Shy Talk, Aug 18, 2020
    True except that the person credited with responsibility for our recruitment policy appears to be on the opposite side of the table to the rest of the board.
     
  14. Red

    Red CB Well-Known Member

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    #34 Red CB, Aug 18, 2020
    All speculation, why not wait for developments
     
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  15. Red

    RedLeader21 Well-Known Member

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    #35 RedLeader21, Aug 18, 2020
    Can't find any reference online.

    Any links anywhere?
     
  16. Jon

    Jonno Member

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    #36 Jonno, Aug 18, 2020
    It's nothing to do with the stadium. Oakwell Community Assets Ltd is the company which owns the stadium.

    Oakwell Holdings Ltd is the company which owns Cryne's shareholding in Barnsley Football Club Ltd.
     
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  17. BarnsleyReds

    BarnsleyReds Well-Known Member

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    #37 BarnsleyReds, Aug 18, 2020
    More assumptions there. As I understand it, the council have stake in Oakwell Holdings, this could easily have come from them.
     
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  18. Shy Talk

    Shy Talk Well-Known Member

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    #38 Shy Talk, Aug 18, 2020
    No have another read he doesn't say that at all.
     
  19. Dan

    DannyWilsonLovechild Well-Known Member

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    #39 DannyWilsonLovechild, Aug 18, 2020
    Looking at the accounts of Holdings, its the vehicle that the sale of the club went through for the Cryne family. There are debtors relating to the remaining instalments of the purchase fee (note debtors over 1 year and within, the instalments are £1m a year it would appear.

    So yes, it was the vehicle for holding the 50% stake of the ground, but its also the Cryne vehicle for receiving the instalments for their shareholding.
     
  20. Nardiello

    Nardiello Well-Known Member

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    #40 Nardiello, Aug 18, 2020
    Odd one - Dane was talking up James Cryne in an interview a few weeks ago!

    This is quite concerning though - need Doug O'Kane and Giddings to ask some questions
     
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